Latest DePIN News

Decentralized physical infrastructure networks, or 'DePINs,' are gaining attention in the crypto industry for their potential to tackle real-world data and energy challenges. DePINs integrate with physical infrastructures and use blockchain technology along with token incentives to enhance business operations. The DePIN market is currently worth $2.2 trillion and is predicted to grow to $3.5 trillion by 2028, according to Messari. DePINs address connectivity and technology issues in the telecommunications industry, which is valued at $3.1 trillion and expected to reach $3.9 trillion by 2028. Projects like Helium Mobile aim to disrupt the wireless telecommunications industry with a decentralized, community-built network, offering affordable, unlimited mobile services.

HONEY, Hivemapper's native token, has seen a 43% surge, trading at $0.08141, amidst a general downturn in the cryptocurrency market. The token's market cap has also increased by over 56%, reaching $161.9 million. Despite this, HONEY is still 81% below its all-time high of $0.4315 set on December 7, 2022. Hivemapper, a decentralized mapping platform, is attempting to rival Google Maps by utilizing a network of dashcam-equipped vehicles to collect mapping data. Contributors and data verifiers are rewarded with HONEY tokens, which has led to a mapped network covering over 262.55 million kilometers. The token's recent appreciation is attributed to the growth of Hivemapper's network and the listing of HONEY on Kraken Pro, a major cryptocurrency exchange.

OKX, a top Web3 tech firm, has announced the integration of its wallet with CUDIS, an AI-powered wearable device that offers wellness tracking. This union provides seamless connectivity for OKX users, allowing them to manage health data and digital assets securely. CUDIS users have full control over their encrypted health data stored on the Solana blockchain, and can earn rewards for wellness activities. The device uses AI and sensors for personalized health insights. OKX offers a range of products, including a crypto wallet, DEX, NFT marketplace, and DeFi platform, supporting multiple blockchains and coins.

MegaETH, a new blockchain promising real-time operations and high transaction speeds, recently secured a $20 million seed round led by Dragonfly Capital. The project claims to process 100,000 transactions per second with millisecond-level latency, a significant improvement over existing blockchains like Ethereum. Prominent figures in the crypto industry, including Ethereum co-founders Vitalik Buterin and Joe Lubin, have invested in MegaETH, indicating their belief in its potential. Meanwhile, Lido's token, LDO, experienced a 7% increase following the resignation of Jump Crypto's president, Kanav Kariya, suggesting that his departure was seen as a positive move for the project. On the other hand, Hivemapper, a Solana-based mapping project aiming to challenge Google Maps, is facing challenges in generating demand for its product and its token, HONEY, which has seen an 85% drop from its December peak.

NATIX Network's token, NATIX, has been listed on centralized exchanges like KuCoin, MEXC, and Gate.io, but not yet on major platforms such as Binance, Coinbase, and Kraken. The network encourages users to collect and share environmental data for smart-city and mobility applications through its mapping solution and flagship product, Drive&. Despite competition from established giants like Google Maps and other DePin projects, NATIX offers a unique advantage by utilizing existing smartphones for data collection, avoiding supply chain delays associated with new hardware. However, the network faces challenges in growing consumer demand and maintaining token value, as seen with Hivemapper's HONEY token, which has fallen significantly.

NATIX is a global mapping network powered by their proprietary AI and camera DePIN. NATIX’s flagship product “Drive&” uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to map the roads and support various mobility, autonomous driving, and smart city applications. With over 120k registered drivers and over 50 million km covered in only 12 months, NATIX is one of the fastest-growing DePINs globally. NATIX token will be going live July 2nd, 10 AM UTC on Coinlist, Kucoin, Gate.io and MEXC. https://depinscan.io/token-launch

Decentralized Physical Infrastructure Networks (DePin) are making waves in the tech industry by facilitating decentralized projects in real-world infrastructure. ATOR Protocol has rebranded to Anyone, aiming to make internet privacy a standard for all users with its new Anon network. Meanwhile, Verida secured over $5 million in funding, valuing the decentralized personal information network at $50 million. Lastly, Synternet, a Layer-1 blockchain for AI, DeFi, DePIN, and IoT projects, has launched its mainnet on the Cosmos network, enabling a decentralized data economy.

Nubila, a leading data oracle in the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has initiated a fundraising round. The round is led by IoTeX and VeChain, along with the Boston Consulting Group, and has attracted participation from a diverse group of investors including OrangeDAO, MH Ventures, Future Money Group, and others. To date, Nubila has secured $2.5 million in funding. This investment reflects the industry's recognition of Nubila's potential to use AI and tokenization to enhance decision-making, promote sustainable development, and create financial products with ESG data. Nubila's founder, Ben, envisions building the infrastructure for the MachineFi revolution by establishing a network of advanced weather stations and sensors to capture critical environmental data. The integration of real-time ESG data into AI models, such as Microsoft's Aurora atmospheric model, will improve ESG assessments and drive more informed and sustainable decision-making across various industries. With the new funding, Nubila aims to scale its operations and expand its global reach to contribute significantly to the planet's sustainability and well-being. The funds will be used to scale Nubila's operations, develop its ESG Data Oracle, and pursue strategic goals like enhancing data accuracy, expanding the network's reach, and increasing user engagement and awareness of sustainable investment. Raullen Chai, Founder of IoTeX, praises Nubila for leveraging DePIN and AI to transform ESG data management, noting the revolutionary approach of creating a decentralized ESG network of community-owned IoT devices. Nubila has deployed 16,000 advanced weather stations worldwide, capturing over 100TB of weather data for accurate ESG assessments. Headquartered in San Francisco, Nubila is dedicated to transforming sustainability initiatives through innovative solutions within the DePIN ecosystem, using AI and ESG tokenization to empower decision-making and drive sustainable development.

Crypto analysts are predicting a Decentralized Physical Infrastructure Network (DePin) supercycle, driven by Web3 and AI advancements, reminiscent of the early Internet era. DePin aims to decentralize applications currently dominated by tech giants like AWS and Google Cloud. The AI sector is particularly active, with growing demand for GPUs as AI models become more complex. Projects like io.net and Aethir are expected to secure significant market shares early on. DeFi analyst Cyril points to altcoins like Helium's MOBILE, OriginTrail's TRAC, and Nosana's NOS as having potential in the DePin ecosystem. Other noteworthy tokens include Theta Network's THETA for decentralized video streaming and The Graph's GRT for organizing blockchain data for efficient Web3 applications. Render (RNDR) and Filecoin (FIL) are also contributing to the DePin infrastructure, showcasing the growing integration of blockchain in real-world applications.

While ApeCoin and Helium are gaining attention in the cryptocurrency market, BlockDAG has emerged as a strong competitor with its groundbreaking Keynote 2 presentation. The presentation has significantly increased BlockDAG's pre-sale earnings to $54.5 million and is expected to yield up to a 30,000x ROI, showcasing its significant growth potential. Helium's value has surged by 50% in a day, following its nationwide mobile service expansion in partnership with T-Mobile. The introduction of a $20 unlimited data, talk, and text plan leverages Helium's decentralized IoT network to enhance service utility and connectivity. ApeCoin's forecast indicates a gradual increase, with prices predicted to range from $2.24 to $2.65 in 2025 and reaching between $13.13 and $15.69 by 2030, driven by ongoing market evolution and technological advances. BlockDAG's Keynote 2 has unveiled significant advancements in blockchain technology, emphasizing its dedication to innovation. The company plans to release a documentary and a DOXing video to engage with the community and reveal the faces behind its technology, fostering trust within the cryptocurrency community. BlockDAG's roadmap promises substantial advancements, including the development of new blockchain explorer tools and enhancements to smart contract functionalities and asset management. These improvements aim to provide a more user-friendly and comprehensive blockchain experience, optimizing operations and setting new industry benchmarks. With the successful sale of Batch 19 coins at $0.014 each, representing a 1300% increase from their initial pricing, BlockDAG's growth trajectory is set to soar, making it the most bullish contender for 2024 in the crypto market.